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ZIP Code · NJ

ZIP 07901

Part of Summit, NJ
Pop. 24,314·Union County·45th most expensive ZIP in New Jersey
Median rent (all units)
$3,006/mo
Year-over-Year
+8.7%
Month-over-Month
+2.6%
vs US Median
+$1,041
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07901 · $3,006
More expensive than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,190
1 BR
$2,480
2 BR
$3,000
3 BR
$3,760
4 BR+
$4,270
Research median
$3,000/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$36,072/yr
At $3,006/mo median
Location
CitySummit
StateNJ
CountyUnion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.7% YoY, +2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 07901 (Summit, NJ) is majority owner-occupied, has a median income above the national average, 71.1% of residents hold a bachelor's degree or higher.

Population
24,314
Median income
$179,701
Median age
41.5
Renters
33.6%
Age distribution
24.4%
15.1%
29.5%
16.5%
14.5%
Under 1824.4%
18–3415.1%
35–5429.5%
55–6416.5%
65+14.5%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
68.4%
13.2%
White68.4%
Black6%
Hispanic13.2%
Asian8.1%
Other4.4%
Education (25+)
14%
71.1%
No HS diploma5%
HS diploma9.8%
Some college14%
Bachelor's+71.1%
Housing tenure
66.4%
33.6%
Owner66.4%
Renter33.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07901 in Summit, NJ has changed in 5 years

Rent
$2,080 → $3,006
up 44.5%
Income
$148,945 → $179,701
up 20.6%
Population
24,218 → 24,314
up 0.4%
Renter share
32.1% → 33.6%
+1.5 pts
Bachelor's+
70.3% → 71.1%
+0.8 pts
Median age
40 → 41.5
+1.5 yrs

Since 2021, the typical rent in ZIP 07901 in Summit, NJ has climbed from $2,080 to $3,006, a 44.5% change over five years. Census figures show median household income at $179,701 today, compared with $148,945 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 33.6% of households, compared with 32.1% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 07901

Last updated: July 20, 2026

ZIP code 07901 covers Summit, NJ. The median rent here is $3,006/mo as of July 2026. A 1-bedroom rents for a median of $2,480/mo. A 2-bedroom rents for a median of $3,000/mo.

At 20% of local median household income ($179,701/yr), ZIP 07901 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07901?

As of July 20, 2026, the median monthly rent in ZIP 07901 (Summit, NJ) is $3,006. This is based on aggregated data from public sources and community submissions.

How does ZIP 07901 rent compare to the US average?

ZIP 07901's median rent of $3,006/mo is $1,041 (53%) above the US national median of $1,965/mo.

How does ZIP 07901 compare to other ZIPs in New Jersey?

ZIP 07901 is one of the pricier ZIP codes in New Jersey, ranking #45 out of 212 ZIPs tracked at $3,006/mo.

How much income do you need to rent in ZIP 07901?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (~$58/hour full-time) to afford the median rent of $3,006/mo in ZIP 07901. The local median household income is $179,701/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07901?

Rent in ZIP 07901 has increased 8.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07901 an affordable place to rent?

ZIP 07901 is considered very affordable for renters. At $3,006/mo, rent takes approximately 20% of the local median household income ($179,701/yr). The standard benchmark is 30%. ZIP 07901 falls comfortably within that range.

What percentage of ZIP 07901 residents rent vs. own?

According to Census data, approximately 33.6% of ZIP 07901 households are renters, while 66.4% are owner-occupied. ZIP 07901 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07901 compare to the rest of Summit?

ZIP 07901 sits right at the Summit citywide median of $3,006/mo.

When was rent data for ZIP 07901 last updated?

Rent data for ZIP 07901 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $3,006/mo, rent takes ~20% of ZIP 07901's median household income ($179,701/yr). The standard benchmark is 30%.

ZIP 07901 20%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07901 (Summit, NJ)

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